On Demand
To Rent, or Not to Rent...
Thursday, September 13, 2007
Lockhart Steele, publisher of the Curbed blog, joins us every Thursday in September to talk real estate. This week, why are New Yorkers twice as likely as other Americans to rent instead of own?
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Because unless you make hundreds of thousands per year or care to buy in a "bad neighborhood" who can afford to buy!??!
Question, In the past couple of years hoods, like park slope, boreum hill, fort greene etc have blown up for buyers..I feel recently that has decline..Are there any cool NEW neighborhoods (YOU KNOW WHAT I MEAN!) that are affordable for buyers?
Pitting "preservationists" or community groups against developers as equivalents is a joke. They may both feel "put upon" but since when do developers ever lose a battle? They always win. If they don't win today, they will win tomorrow.
Right now I own a home in the suburbs, but I'd like to move to an area like Park Slope. I can't really afford that area, but I like the area, the cultural resources there, and so on. As a 30something woman, I'm wondering what other areas might be nearby which are up-and-coming, where I might be able to buy a brownstone and rent some of the apartments. Any thoughts?
I'm not going to tell you. I don't want you and your friends to come in and drive the rents/prices up in my neighborhood-- they're already getting to be more than I can afford, and I might have to move to somewhere like Rockland County.
This sounds terrible, I know, and I'm sorry, but this is my home, where I and my family have lived, mostly happily, all my life. I never wanted to live somewhere cool, I just want my home.
Now practically everywhere in Brooklyn and Queens is "cool."
People have to understand that this is simply a finite commodity. It sounds like heresy, I know, but everyone in the world cannot come and live in New York City just because they want to.
To TM-
At the risk of starting a flame war... Wow, thank you for being exclusionist and elitist. I was planning on making brooklyn my home, not just because it was "cool", but because I feel it suits my life much more than Rockland County, where I happened to grow up. Thank you for saying that I should stay here simply because I was born here. I'm sorry you feel your neighborhood is changing, but I'm hardly a wealthy suburbanite wanting to move to be hip and gentrify the area. And have you thought that perhaps someone like me, or other people who move to the area, could actually add to the beauty of it?
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